Cryptocurrency is increasingly used in international financial exchanges. We represent clients accused of:
- Using or accepting crypto for bulk cash transfers
- Unlicensed money transmitter activity
- Cash-for-crypto transactions that trigger federal scrutiny
- Money laundering and sanctions evasion using crypto or digital platforms
We understand the cultural and legal nuances involved—particularly when crypto is used in Venezuela or Colombia for everyday financial survival.
FAQs About Cryptocurrency Charges and Cross-Border Financial Investigations
Not inherently. However, if crypto is used to bypass regulated financial systems, facilitate unlicensed money transmission, or evade U.S. sanctions, it can be considered illegal. The intent and structure of the transaction are critical factors.
It refers to operating a money transfer business—including exchanging crypto for fiat—without the proper state or federal licenses. Even peer-to-peer transactions may qualify if done regularly or for a fee.
Yes. Cash-for-crypto transactions, especially large or repeated ones, can draw federal scrutiny. Without a license, this activity may be prosecuted under money laundering or unlicensed money service business (MSB) laws.
While crypto is often used out of necessity in countries like Venezuela or Colombia, U.S. law enforcement may view these transactions as suspicious—especially when involving U.S.-based exchanges or crossing borders. There's a high risk of being accused of sanctions evasion or unauthorized remittances.
Agencies like FinCEN, IRS Criminal Investigation, and Homeland Security track blockchain activity using sophisticated tools. Transactions on platforms like Bitcoin, Ethereum, and USDT can be traced, even if pseudonymous.
Not by default. However, if it involves structured payments, undisclosed income, or cross-border transfers, it can trigger legal issues, especially if there's no reporting or if sanctions are involved.
Money laundering with cryptocurrency occurs when digital assets are used to conceal the origin of illicit funds. This includes layering funds through mixers, privacy coins, or offshore wallets—all tactics that may lead to federal charges.
Penalties include asset seizure, criminal forfeiture, up to 20 years in prison, and millions in fines. Charges may include money laundering, wire fraud, sanctions violations, and operating an unlicensed MSB.
Immediately consult an attorney experienced in cryptocurrency defense and financial crime law. Avoid deleting records or transferring assets, as that could worsen your legal exposure.
In some cases, yes—but it’s complex. You’ll need to contest the forfeiture, prove lawful ownership, and navigate federal forfeiture procedures. Legal representation is essential for a successful claim.